Jupiter Asset Management has secured a capital markets services (CMS) licence from the Monetary Authority of Singapore (MAS), marking an extension of its services to include Singapore’s retail investors.
The CMS licence enables Jupiter to offer its global investment solutions to a broader investor base in Singapore, building upon its 15-year presence in Asia.
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Jupiter’s expansion in Singapore is part of its long-term strategy to strengthen its foothold in the region, where it is said to have established a “deep” understanding of the investment landscape and cultivated relationships with top private banks.
The firm’s increased retail capabilities in Singapore complement its existing retail offerings in Hong Kong and its retail brand in the UK.
Jupiter Asia head Madeline Han said: “We are delighted that Jupiter has obtained the MAS license and look forward to making Jupiter products available to the Singapore retail space in 2025.
“Retail investing is part of the DNA of our firm; we understand the demands and challenges of the retail market very well, and we continuously aim to deliver the best investment outcomes for our clients.”
The move is aided by the relocation of Sam Konrad, investment manager for Asian Equity Income, to Singapore from London.
This supports its expansion of capabilities in Asia, including in investment, marketing, compliance, and sales support.
Jupiter CEO Matthew Beesley said: “Jupiter has been a trusted partner to global investors for nearly 40 years.
“With strong local investment and distribution expertise in Asia, we believe now is the ideal time to be able to expand our equities and fixed income investment solutions to the retail space in Singapore.”
Jupiter, established in 1985, is a specialist in high conviction, active asset management.
It managed assets worth £51.3bn ($64.8bn) as of 30 June 2024, offering a variety of actively managed strategies to clients globally.
In December 2024, Jupiter named Selina Tyler as the head of UK, effective spring 2025.
